Marks and Spencer Group (LON:MKS) Earns “Overweight” Rating from Barclays
Barclays reissued their overweight rating on shares of Marks and Spencer Group (LON:MKS) in a research note released on Friday, Digital Look reports. The firm currently has a GBX 290 ($3.79) price target on the retailer’s stock.
MKS has been the topic of several other research reports. Credit Suisse Group decreased their price target on Marks and Spencer Group from GBX 250 ($3.27) to GBX 232 ($3.03) and set an underperform rating on the stock in a report on Thursday, May 23rd. Shore Capital reaffirmed a house stock rating on shares of Marks and Spencer Group in a research report on Friday, September 13th. UBS Group reaffirmed a neutral rating and issued a GBX 205 ($2.68) price objective (down previously from GBX 239 ($3.12)) on shares of Marks and Spencer Group in a research report on Thursday, September 12th. HSBC reaffirmed a hold rating on shares of Marks and Spencer Group in a research report on Friday, May 24th. Finally, Jefferies Financial Group cut their price objective on Marks and Spencer Group from GBX 280 ($3.66) to GBX 255 ($3.33) and set a hold rating on the stock in a research report on Thursday, May 23rd. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Marks and Spencer Group presently has a consensus rating of Hold and an average price target of GBX 239.38 ($3.13).
LON:MKS opened at GBX 195.25 ($2.55) on Friday. The stock’s fifty day moving average is GBX 193.68 and its 200 day moving average is GBX 236.26. Marks and Spencer Group has a fifty-two week low of GBX 179.70 ($2.35) and a fifty-two week high of GBX 315 ($4.12). The firm has a market capitalization of $3.82 billion and a PE ratio of 92.98. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.27 and a current ratio of 0.67.
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
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